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    Click To Edit Master Subtitle Style: 2G Scam

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    vinoth1990
    The document discusses the 2G spectrum scam that occurred in India in 2008. Key points of the scam include: - 2G licenses were issued to private telecom companies at throwaway prices of 2001 levels despite mobile subscribers increasing dramatically since then. This cost the government 1.76 lakh crore. - Rules and procedures were flouted during the license issuance process. Cutoff dates were changed and licenses were issued on a non-auction basis. - Companies with no prior telecom experience like Swan Telecom received licenses. Swan then sold stakes in their company for profits of thousands of crores. - Many politicians, businesspeople, and telecom officials have been implicated in

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    Click To Edit Master Subtitle Style: 2G Scam

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    vinoth1990
    4 views8 pages
    The document discusses the 2G spectrum scam that occurred in India in 2008. Key points of the scam include: - 2G licenses were issued to private telecom companies at throwaway prices of 2001 levels despite mobile subscribers increasing dramatically since then. This cost the government 1.76 lakh crore. - Rules and procedures were flouted during the license issuance process. Cutoff dates were changed and licenses were issued on a non-auction basis. - Companies with no prior telecom experience like Swan Telecom received licenses. Swan then sold stakes in their company for profits of thousands of crores. - Many politicians, businesspeople, and telecom officials have been implicated in

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    The document discusses the 2G spectrum scam that occurred in India in 2008. Key points of the scam include: - 2G licenses were issued to private telecom companies at throwaway prices of 2001 levels despite mobile subscribers increasing dramatically since then. This cost the government 1.76 lakh crore. - Rules and procedures were flouted during the license issuance process. Cutoff dates were changed and licenses were issued on a non-auction basis. - Companies with no prior telecom experience like Swan Telecom received licenses. Swan then sold stakes in their company for profits of thousands of crores. - Many politicians, businesspeople, and telecom officials have been implicated in

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    4 views8 pages

    Click To Edit Master Subtitle Style: 2G Scam

    Uploaded by

    vinoth1990
    The document discusses the 2G spectrum scam that occurred in India in 2008. Key points of the scam include: - 2G licenses were issued to private telecom companies at throwaway prices of 2001 levels despite mobile subscribers increasing dramatically since then. This cost the government 1.76 lakh crore. - Rules and procedures were flouted during the license issuance process. Cutoff dates were changed and licenses were issued on a non-auction basis. - Companies with no prior telecom experience like Swan Telecom received licenses. Swan then sold stakes in their company for profits of thousands of crores. - Many politicians, businesspeople, and telecom officials have been implicated in

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
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    Download as pptx, pdf, or txt
    of 8

    Introduction

    Click to edit Master subtitle style 2G SCAM


    By Meenakshi Sundaram.S Francis Vinoth.S Muthupandi.P Prashanth.R

    4/13/12

    What is 2G Scam?
    2G licenses issued to private telecom players

    at throwaway prices in 2008. 1.76 Lakh crore.

    Spectrum Scan has cost the government Rs. Rules and procedures flouted while issuing

    licenses.

    4/13/12

    What are the charges on Former Telecom Minister A. Raja Licenses Cheap Telecom
    Entry fee for spectrum licenses in 2008

    pegged at 2001 prices.

    Mobile Subscriber base had shot upto 350

    Million in 2008 from 4 Million in 2001.

    4/13/12

    No procedures followed
    Rules changed after the game had begun. Cutoff dates for applications advanced by a

    week. basis.

    Licenses issued on a first come first serve No proper auctions

    4/13/12

    Favoritism, corporates encash premium


    any prior telecom experience did not meet eligibility criteria

    Unitech, swan telecom got licenses without Swan Telecom given license even though it Swan got license for Rs. 1537 crore, sold 45%

    stake to etisalat for Rs. 4200 crore

    Unitech wireless got license for Rs. 1661

    crore, sold 60% stake for Rs. 6200 crore crore for 2G licences

    All nine companies paid dot only Rs. 10772


    4/13/12

    Others in the net


    DMK chief M. Karunanidhis daughter and MP

    Kanimozhi who has been named by the CBI as a co-conspirator with A RAJA who the CBI believes had a central role in the 2G spectrum scam. He has been accused of colluding with former Telecom Minister A Raja by allegedly channelizing kickbacks Raja got from the spectrum sale into the real estate

    Shahid Balwa, the promoter of Swan Telecom,

    4/13/12

    Others in the net contd


    Unitech chief sanjay chandra and DB realty

    founder vinod goenka who have been charge sheeted for cheating and conspiracy controlled ADAG, Gautam Doshi, Hari Nair and Surendra jail

    Three senior executives of Anil Ambani

    Pipara. All these are currently lodged in Tihar Former telecom secretary Sidharth Behura,

    who allegedly shut counters to physically 4/13/12 other telecom companies, faces the block

    The role of Kalaignar TV


    One of the companies named by the CBI in

    the 2G scam- Swan Telecom- allegedly sent Mr Raja a Rs. 214-crore kickback that was routed through a maze of companies but rested finally with kalaignar TV channel in chennai that is owned mainly by Kanimozhi and Dayalu Ammal. Together, they have 80% stake in the company. Sharad Kumar, the managing Director of Kalaignar TV, owns the balance and has also been accused of conspiring with Mr. Raja

    4/13/12

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